Bath/Head Office & Unquoted Equity Team:
London Office & Quoted Equity Team:

Investor Information

legal and regulatory

Fund domicile United Kingdom
Authorised status and structure of the Company MI Chelverton UK Equity Fund (the Company) is an investment company with variable capital incorporated in England and Wales under registered number IC000431 and authorised by the Financial Conduct Authority with effect from 4 April 2006. The Company has an unlimited duration.Shareholders are not liable for the debts of the Company. A Shareholder is not liable to make any further payment to the Company after he has paid the price on purchase of the Shares. The ACD is also the manager of certain authorised unit trusts and open-ended investment companies details of which are set out in Appendix 43 of the prospectus.At the date of the Prospectus, the Company has two Sub-funds, details of which are set out in Appendix 1 of the prospectus. Further Sub-funds may be established from time to time.The structure of the CompanyThe Sub-fundsThe Company is structured as an umbrella company, in that different Sub-funds may be established from time to time by the ACD with the approval of the FCA. On the introduction of any new Sub-fund or Class, a revised prospectus will be prepared setting out the relevant details of each Sub-fund or Class.The Company is a UCITS schemeThe assets of each Sub-fund will be treated as separate from those of every other Sub-fund and will be invested in accordance with the investment objective and investment policy applicable to that Sub-fund. Investment of the assets of each of the Sub-funds must comply with the COLL Sourcebook and the investment objective and policy of the relevant Sub-fund. Details of the Sub-funds, including their investment objectives and policies, are set out in Appendix 1 of the prospectus.The eligible securities markets and eligible derivatives markets on which the Sub-funds may invest are set out in Appendix 2 of the prospectus. A detailed statement of the general investment and borrowing restrictions in respect of each type of Sub-fund is set out in Appendix 3 of the prospectus.Each Sub-fund is a segregated portfolio of assets and, accordingly, the assets of a Sub-fund belong exclusively to that Sub-fund and shall not be used or made available to discharge (directly or indirectly) the liabilities of, or claims against any other person or body, including the Company and any other Sub-fund and shall not be available for any such purpose.Subject to the above, each Sub-fund will be charged with the liabilities, expenses, costs and charges of the Company attributable to that Sub-fund, and within each Sub-fund charges will be allocated between Classes in accordance with the terms of issue of Shares of those Classes. Any assets, liabilities, expenses, costs or charges not attributable to a particular Sub-fund may be allocated by the ACD in a manner which it believes is fair to all Shareholders of the Company.Please also see paragraph 5.5 of the prospectus.Where any changes are proposed to be made to the Company or any Sub-fund the ACD will assess whether the change is fundamental, significant or notifiable in accordance with COLL 4.3. If the change is regarded as fundamental, Shareholder approval of the Company or relevant Sub-fund will be required. If the change is regarded as significant, 60 days’ prior written notice will be given to relevant Shareholders. If the change is regarded as notifiable, relevant Shareholders will receive suitable notice of the change.
Registered for sale United Kingdom
Custodian The Northern Trust Company
Management company Maitland Institutional Services Limited
Authorised Corporate Director (ACD) & Registrar Maitland Institutional Services Limited A: Springfield Lodge, Colchester Road, Chelmsford, Essex CM2 5PWT: 01245 398 950F: 01245 398 951W: http://www.maitlandgroup.com (Authorised and regulated by the Financial Conduct Authority)
Investment adviser Chelverton Asset Management Limited (Authorised and regulated by the Financial Conduct Authority)
Depositary National Westminster Bank Plc, Trustee & Depositary Services, Younger Building, 1st Floor, 3 Redheughs Avenue, Edingburgh EH12 9RH(Authorised and regulated by the Financial Conduct Authority)
Auditor KPMG Audit PlcChartered Accountants & Registered Auditors15 Canada Square, Canary Wharf, London E14 5GL
ISA eligible Yes
SIPP eligible Yes